Quantum Corp. (QTM) Misses Q1 EPS by 2c
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Quantum Corporation Reports Fiscal First Quarter 2016 Results
July 30, 2015 4:33 PM EDTSAN JOSE, Calif., July 30, 2015 /PRNewswire/ --Â Quantum Corp. (NYSE: QTM) today reported results for the fiscal first quarter 2016 ended June 30, 2015.
Fiscal First Quarter 2016 Results(All comparisons are relative to the fiscal first quarter 2015.)
Revenue was $110.9 million, a decrease of approximately $17 million, primarily driven by overall weakness in the general storage market. Scale-out storage and related service revenue grew approximately $10 million to $27.8 million, a 54 percent increase, marking the fourth consecutive quarter of 50-plus percent growth and 16th consecutive... More